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This paper discusses Sri Lanka's Sixth Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Waiver of Nonobservance and Modification of Performance Criterion. The Sri Lankan economy is gradually recovering from the impact of the Easter Sunday terrorist attacks....
Persistent link: https://www.econbiz.de/10015057942
The economy has rebounded from the pandemic-related downturn but is facing new headwinds. The authorities have responded with fiscal policy measures to support vulnerable groups and to mitigate the economic impact of commodity price increases, as well as with front-loaded monetary policy...
Persistent link: https://www.econbiz.de/10015059871
After suffering a recession during the pandemic, the Cambodian economy was on a steady recovery path, but is facing new pressures in 2022 that have buffeted external demand and increased inflation rates. The authorities have largely continued with crisis policy responses and have pressed on with...
Persistent link: https://www.econbiz.de/10015059904
A new administration took office in July with a blueprint to secure an inclusive, sustainable, and green recovery. While the economy remains fundamentally sound, the new administration will face three important challenges: (1) striking the right policy mix to secure the recovery and safeguard...
Persistent link: https://www.econbiz.de/10015059906
This paper presents Sri Lanka's Request for an Extended Arrangement under the Extended Fund Facility (EFF). The objectives of the EFF-supported program are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock...
Persistent link: https://www.econbiz.de/10015059569
This 2023 Article IV Consultation discusses that following a successful coronavirus disease 2019 containment strategy, the border reopened in July 2022, and tourism is returning to Vanuatu. Economic activity is expected to be strong in the near term, with real gross domestic product growing...
Persistent link: https://www.econbiz.de/10015059570
This 2023 Article IV Consultation highlights that the Samoan economy has begun recovering after a three-year recession driven by the coronavirus disease 2019 (COVID-19) pandemic. A rebound in economic activity has followed the lifting of domestic COVID-19restrictions in July and the pickup in...
Persistent link: https://www.econbiz.de/10015059597
The 2022 Article IV Consultation discusses that following an impressive recovery from the initial impact of the pandemic, China's growth slowed significantly in 2022. In response to slowing growth momentum, macroeconomic policies appropriately turned expansionary in 2022. On the fiscal side, the...
Persistent link: https://www.econbiz.de/10015059729
The 2022 Article IV Consultation discusses that with a rapid post-pandemic economic recovery and favorable terms of trade, Australia has reached a stronger cyclical position than many other advanced economies, with limited scarring. Inflation has risen to significantly above target, prompting...
Persistent link: https://www.econbiz.de/10015059758
This paper focuses on Bangladesh's 2023 Article IV Consultation, First Reviews under the Extended Credit Facility Arrangement, Arrangement under the Extended Fund Facility, and the Resilience and Sustainability Facility Arrangement, Requests for a Waiver of Nonobservance of a Performance...
Persistent link: https://www.econbiz.de/10015058837